Sealless Magnetic Drive Pump Market Outlook (2023 to 2033)

Registering a year-on-year (Y-o-Y) growth of 5.3%, the global sealless magnetic drive pump market size reached around USD 637.7 million in 2022. Over the next ten years, global sealless magnetic drive pump sales are likely to soar at 6.4% CAGR.

Total market size will nearly double over the next ten years. It is likely to expand from USD 674.6 million in 2023 to USD 1252.3 million by 2033.

Expansion of petroleum refineries and chemical industries are forecast to drive demand for sealless magnetic drive pumps. This technology can help optimize energy usage and reduce waste, leading to cost savings for businesses.

Key Factors Shaping the Market

  • Rapid expansion of industries such as chemical, pharmaceutical, food & beverages, etc. is driving the global market forward
  • Technological advancements in magnetic drive centrifugal pumps will boost sales
  • Growing need for energy-efficient and cost-efficient pumps due to increasing energy costs and environmental concerns will foster market development
  • High adoption of green technologies is likely to create opportunities for sealless magnetic drive pump manufacturers
  • Increasing penetration of automation and IoT will support market expansion
  • Rising awareness about the advantages of sealless magnetic drive pumps is expected to trigger sales
  • Surging popularity of intelligent pumps will create new growth prospects

A magnetic drive centrifugal pump operates similarly to a standard centrifugal pump, but without the motor shaft seal, which prevents leaks brought on by shaft seal failure. Magnetic drive centrifugal pumps must be used in flooded suction situations.

Sealless mag drive pumps are considered safe and the most robust equipment for chemical transfer. These sealless pumps are increasingly replacing conventional sealed pumps in a wide range of industries. This includes pharmaceutical, petrochemical, food & beverage, etc.

Sealless mag drive pumps, also referred to as magnetic coupled pumps are used in applications with liquids that are difficult to seal or where leaks cannot be tolerated or

Key benefits or features of sealless magnetic drive pumps that are making them popular

  • Zero leakage chances or no risk of leakage
  • Less noise generation
  • Cost efficiency
  • Low energy consumption
  • High resistance to corrosion
  • Reliable performance
  • Simple design and easy maintenance
  • Improved safety

In a variety of industries, including mining, food processing, water treatment, and others, sealless magnetic drive pumps are widely used to transfer fluids from bulk tanks to day tanks. These pumps are generally employed for chemical transfer, tank unloading, and heat transfer fluid applications.

Adoption of sealless magnetic drive pumps helps end users improve productivity, enhance safety, save money, and prevent fugitive emissions.

Zero leakage and total control of fugitive emissions make sealless mag drive pumps eco-friendly and a clear option for handling or transferring volatile and hazardous chemicals.

The global sealless magnetic drive pump market is anticipated to witness healthy growth amid increase in mining and manufacturing operations. Growing awareness about the safe, reliable, and energy-efficient nature of sealless magnetic drive pumps will fuel their sales.

Increasing application in water treatment processes is likely to bolster sealless magnetic drive pump sales. The need for magnetic drive pumps will rise as the value of recycling water is recognised globally.

Key sealless mag drive pump manufacturers are constantly launching new products with improved functionality. They are focusing on developing sealless magnetic drive pumps that can handle high pressures, high temperatures, and volatile, corrosive, and aggressive substances in several applications.

Development of novel products can break new territory in fluid handling technology and will create lucrative revenue-generation opportunities for manufacturers.

Attribute Key Insights
Sealless Magnetic Drive Pump Market Base Value (2022A) USD 637.7 million
Estimated Sealless Magnetic Drive Pump Market Size (2023E) USD 674.6 million
Projected Sealless Magnetic Drive Pump Market Size (2033F) USD 1252.3 million
Value-based CAGR (2023 to 2033) 6.4%
Collective Value Share: Top 3 Countries (2023E) 50 to 55%

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2018 to 2022 Sealless Magnetic Drive Pump Sales Outlook Compared to Demand Forecast from 2023 to 2033

From 2018 to 2022, global sales of sealless magnetic drive pumps grew at a CAGR of 4%. The market suffered during the global lockdown, resulting in huge reduction in energy consumption from both commercial as well as industrial sectors. The supply chain and production facilities of sealless magnetic drive pump manufacturing companies were also impacted.

According to Future Market Insights (FMI), the global sealless magnetic drive pump industry is expected to witness a value CAGR of 6.4% during the forecast period. Rising demand for sealless magnetic drive pumps from various sectors will drive the global market forward.

Use of green technologies is crucial for lowering carbon emissions. Since magnetic drive pumps produce no emissions at all, demand for these pumps is rising as regulations governing industrial emissions tighten.

The expanding financial sector, easy access to corporate finance, and economical interest rates are encouraging the construction of new water treatment, chemical processing, and food processing plants. As a result, there is a growing demand for magnetic drive pumps.

In the food industry, sealless magnetic drive pumps are utilized to transfer both liquids and solids. They also used to agitate, mix, and blend food products. The pump facilitates the spill-free, efficient transfer of product from one container to another.

Sealless magnetic drive pump resists corrosion and has a wide range of uses in crucial industries. This includes the pharmaceutical industry which requires high-purity fluids and requires strict hygiene regulations.

Magnetic drive pumps are used to transfer fluids such as medicines, creams, and lotions to maintain the purity and hygiene of the process. Hence, growing usage in pharmaceutical sector will bolster sealless magnetic drive pump sales.

What are the Recent Trends Influencing the Sealless Magnetic Drive Pump Demand?

Over the projected period, rising energy costs and an increase in users' environmental consciousness are anticipated to fuel demand for energy-efficient and economically viable centrifugal pumps.

Two of the main problems faced by end-use industries that depend on centrifugal pumps are increasing pump efficiency and lowering energy consumption and cost.

As per the International Energy Agency research, electric motors consume 46% of the electricity generated in the world. Centrifugal pumps consume between 25% to 60% of a plant's electrical motor energy.

Centrifugal pumps reduce annual energy costs, creating a positive impact on the environment. An estimated 15% of the world's energy usage is attributed to pump motors. By 2020, stronger energy efficiency rules are anticipated to apply to over 40% of centrifugal pumps, which is predicted to result in a significant decrease in this number.

Manufacturers are also making efforts to increase functionality and efficiency. To enable remote monitoring of facilities, including pumps of all kinds, detect equipment failure, and prevent real-time downtime.

Flowserve Corporation, a large global provider of flow control products and services, recently introduced an IoT service suite. The company will be able to maintain its position in the pump market with the help of the product launch.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Country-wise Insights

What Makes China the Most Prominent Sealless Magnetic Drive Pump Market?

Rising Adoption of Sealess Mag Drive Pumps in Thriving Chemical Industry to Fuel sales in China

China market is expected to progress at a CAGR of 5.1% during the projection period. Currently, China holds around 1/6th share of the global sealless magnetic drive pump industry.

Growth in China market is driven by the increasing demand for energy-efficient and environmentally friendly pumps in various industries. This includes chemical, pharmaceutical, food and beverage, and water treatment.

Sealless magnetic drive pumps utilize magnetic coupling to transfer the power from the motor to the impeller. This eliminates the need for a mechanical seal. Their design helps to prevent leaks and reduce maintenance costs, making them suitable for handling corrosive or hazardous fluids.

Growing need for energy efficiency, increasing concerns about environmental pollution, and growth of various industries will elevate sealless magnetic drive pump demand in China

The Chinese government's focus on energy conservation and environmental protection is also contributing to the growth of this market.

Development of innovative and efficient sealless magnetic drive pumps by domestic manufacturers is another factor supporting market expansion in China.

What is the Outlook for Sealless Magnetic Drive Pump Market Manufacturers in Germany?

Favorable Government Support to Boost Germany Sealless Magnetic Drive Pump Industry

Germany sealless magnetic drive pump market is anticipated to expand at a CAGR of 5.8% over the forecast period. Sales in the country are projected to increase at a healthy pace throughout the projection period.

The outlook for sealless magnetic drive pump manufacturers in Germany is positive. This is due to surging demand for energy-efficient and environmentally friendly pumps in various industries.

The German government's focus on energy efficiency and environmental sustainability is also driving the demand for sealless magnetic drive pumps in the country.

The government has set ambitious targets for reducing greenhouse gas emissions and increasing the share of renewable energy sources in the country's energy mix. This is expected to further drive demand for energy-efficient pumps.

Overall, the outlook for sealless magnetic drive pump manufacturers in Germany will remain positive. Companies that invest in innovation, energy efficiency, and sustainability are likely to benefit from the growing demand for these pumps in various industries.

Why is the Demand for Sealless Magnetic Drive Pumps Increasing in the United States?

Growing Usage of Energy-efficient Technology Driving Sealless Magnetic Drive Pump Demand in the United States

The demand for sealless magnetic drive pumps is increasing in the United States due to several factors. This includes the need for energy efficiency, increasing concerns about environmental pollution, and growth of various industries.

In the United States, several industries such as chemical, pharmaceutical, food and beverage, and water treatment are increasingly adopting sealless magnetic drive pumps to meet their energy efficiency and environmental sustainability goals.

The United States government is also promoting the use of energy-efficient technologies, including pumps, through various initiatives and regulations. This will power up sealless magnetic drive pump sales during the projection period.

The shale gas boom in the United States has led to the growth of the oil & gas industry, which is a significant user of sealless magnetic drive pumps. These pumps are used in various applications such as fracking, crude oil transportation, and refinery processes, where safety and reliability are crucial.

Overall, the increasing demand for energy-efficient and environmentally friendly pumps in the United States will boost the sealless magnetic drive pump industry. By the end of 2033, the United States market revenues will total USD 208.5 million.

Category-wise Insights

Which is the Most Popular Pump Type in the Market?

Metallic Sealless Magnetic Drive Pump Remains the Most Sought-after Pump Type

By pump type, the metallic pump segment is expected to account for more than half of the market value share during the forecast period. The same segment will likely create an absolute opportunity of USD 936.2 million through 2033.

Growth of the target segment is driven by rising usage of metallic sealless magnetic drive pumps across several industries.

On the other hand, ATEX pumps segment is expected to grow at a value CAGR of 6.2% during the projection period.

Which End-use Sector is Likely to Create Maximum Growth Opportunities for the Market?

Pharmaceutical Sector to Create Lucrative Growth Prospects

As per Future Market Insights (FMI), pharmaceutical segment is projected to hold more than one-fifth of the market value share during the forecast period. It is likely to create an absolute opportunity of USD 289.3 million between 2023 and 2033.

Rising adoption of sealless magnetic drive pumps in the pharmaceutical sector due to their exceptional properties is driving growth in the target segment. Chemical segment on the other hand is forecast to progress at a value CAGR of 5.8%.

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Competitive Landscape

Leading sealless magnetic drive pump manufacturers are investing significantly to expand their production capacities and grab growth opportunities. They are also expanding their reach to enhance their sales and service for their customers through a strong distribution network.

Key manufacturers are concentrating on adopting alternative distribution channels, such as online, to solidify their market presence.

Companies are making significant investments in research & development to introduce new products and enhance their presence across the globe. Partnerships, acquisitions, mergers, collaborations, and facility expansions are other key strategies adopted by manufacturers. For instance

  • In November 2021, a new magnetic drive sealless pump solution designed for use in hydrofluoric acid alkylation was launched by HMD Kontro.
  • In August 2021, Ebara Corporation launched the CP Hydrogen Business Project under the direct control of the president of the company.
  • In July 2021, to replace and upgrade existing Ebara pumps installed at the Zai Water Supply System in Jordan, a new order was received by Ebara Corporation.

Scope of Report

Attribute Details
Estimated Market Value (2023) USD 674.6 million
Projected Market Value (2033) USD 1252.3 million
Anticipated Growth Rate (2033) 6.4% CAGR
Forecast Period 2023 to 2033
Historical Data Available for 2018 to 2022
Market Analysis USD Million for Value and Units for Volume
Key Regions Covered Switzerland; Germany; Austria; Italy; France; Rest of Europe; United States; Mexico; China and Rest of Asia.
Key Countries Covered United States, Canada, Mexico, Brazil, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, NORDICS, Poland, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, ASEAN, Australia and New Zealand.
Key Segments Covered Pump Type, Flow Rate, End Use, and Region
Key Companies Profiled EBARA Corporation; Xylem Inc; Flowserve Corporation; Kirloskar Brothers Limited; ITT Goulds Pumps Inc.; Iwaki Co. Ltd; Grundfos Pumps Corporation; Teikoku Electric Mfg. Co. Ltd.; Ruhrpumpen group; Sundyne LLC; Klaus Union; GCA Energy; Magnatex Pumps Inc.; KSB SE and Co.KGaA; Sulzer AG; Wilo SE; PSG (Dover Corporation); Dickow Pumpen GmbH and Co. KG;
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Sealless Magnetic Drive Pump Market Segmentation

By Pump Type:

  • Metallic Pump
  • ATEX

By Flow Rate:

  • Up to 80 m3/hr
  • 81 to 200 m3/hr
  • 201 to 500 m3/hr
  • Above 501 m3/hr

By End Use:

  • Chemical
  • Petroleum Refineries
  • Food and Beverages
  • Pharmaceutical
  • Biotech

By Region/Country:

  • Switzerland
  • Germany
  • Austria
  • Italy
  • France
  • Rest of Europe
  • United States
  • Mexico
  • China
  • Rest of Asia

Frequently Asked Questions

What is the Current Size of Global Sealless Magnetic Drive Pump Market?

The global market is estimated to accrue around USD 637.7 million revenue in 2023.

Which is the Most Promising Market for Adoption of Sealless Magnetic Drive Pumps?

The United States leads with a forecasted value of USD 208.5 million by 2033.

Which is the Leading Sealless Magnetic Drive Pump Market in Asia Pacific?

The regional market in China is poised to exhibit 5.1% CAGR through 2033.

What was the Past Growth Rate of the Global Sealless Magnetic Drive Pump Market?

The overall market witnessed a growth rate of 4% from 2018 to 2022.

What is Restraining the Growth of the Sealless Magnetic Drive Pump Market?

Higher energy requirement for running such pumps might limit its popularity.

Table of Content
  • 1. Executive Summary | Sealless Magnetic Drive Pump Market
  • 2. Market Overview
  • 3. Key Market Trends
  • 4. Key Success Factors
  • 5. Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 6. Market - Pricing Analysis
  • 7. Market Demand (in Value or Size in USD Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
  • 8. Market Background
  • 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Pump Type
    • 9.1. Metallic Pump
    • 9.2. ATEX Pump
  • 10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
    • 10.1. Petrochemical refineries
    • 10.2. Chemical
    • 10.3. Food & Beverage
    • 10.4. Pharmaceutical
    • 10.5. Biotech
  • 11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Flow Rate
    • 11.1. Up to 80 m³/hr
    • 11.2. 81 to 200 m³/hr
    • 11.3. 201 to 500 m³/hr
    • 11.4. Above 501 m³/hr
  • 12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region/Country
    • 12.1. Switzerland
    • 12.2. Germany
    • 12.3. Austria
    • 12.4. France
    • 12.5. Italy
    • 12.6. Rest of Europe
    • 12.7. United States
    • 12.8. Mexico
    • 12.9. China
    • 12.10. Rest of Asia
  • 13. USA Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 14. Mexico Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 15. Rest of America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 16. Switzerland Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 17. Germany Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 18. Austria Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 19. France Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 20. Italy Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 21. Rest of Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 22. China Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 23. Rest of Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
  • 24. Market Structure Analysis
  • 25. Competition Analysis
    • 25.1. Ebara Corp
    • 25.2. Flowserve Corp
    • 25.3. Grundfos
    • 25.4. ITT Inc
    • 25.5. Klaus Union
    • 25.6. KSB SE & Co. KGaA
    • 25.7. Sulzer AG
    • 25.8. Wilo SE
    • 25.9. Xylem Inc.
    • 25.10. Kirloskar Brothers Limited
    • 25.11. Iwaki Co. Ltd.
    • 25.12. Grundfos Pumps Corporation
    • 25.13. Teikoku Electric Mfg. Co. Ltd.
    • 25.14. Ruhrpumpen Group
    • 25.15. PSG
  • 26. Assumptions and Acronyms Used
  • 27. Research Methodology
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